Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; operates a crude oil export terminal; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

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Miscellaneous

Occidental Petroleum (NYSE:OXY) Frequently Asked Questions

What is Occidental Petroleum's stock symbol?

Occidental Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "OXY."

How often does Occidental Petroleum pay dividends? What is the dividend yield for Occidental Petroleum?

Occidental Petroleum announced a quarterly dividend on Thursday, October 18th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.78 per share on Tuesday, January 15th. This represents a $3.12 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Friday, December 7th. View Occidental Petroleum's Dividend History.

How were Occidental Petroleum's earnings last quarter?

Occidental Petroleum Co. (NYSE:OXY) issued its quarterly earnings data on Tuesday, February, 12th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.12 by $0.10. The oil and gas producer earned $4.80 billion during the quarter, compared to analyst estimates of $4.39 billion. Occidental Petroleum had a net margin of 21.87% and a return on equity of 18.17%. The business's revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. View Occidental Petroleum's Earnings History.

When is Occidental Petroleum's next earnings date?

What price target have analysts set for OXY?

23 brokerages have issued 12-month price targets for Occidental Petroleum's shares. Their predictions range from $70.00 to $105.00. On average, they anticipate Occidental Petroleum's stock price to reach $83.4444 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price. View Analyst Price Targets for Occidental Petroleum.

What is the consensus analysts' recommendation for Occidental Petroleum?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 1 sell rating, 8 hold ratings, 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Occidental Petroleum.

What are Wall Street analysts saying about Occidental Petroleum stock?

Here are some recent quotes from research analysts about Occidental Petroleum stock:

1. Mizuho analysts commented, "We sympathise. Stronger dividend growth ahead? – Cash return growth, ideally via consistent and sustainable dividend growth, is key to our Renaissance thesis, and OXY is best-positioned among US E&P’s to deliver this dividend growth. In its slide deck, OXY highlights a cash return target of greater than $3.1Bn" in 2019. We think the company signals capacity for stronger dividend growth, and certainly want a much stronger effort than the nominal 1c/quarter of the past two years. We will be looking for additional detail on the call. Unconventional EOR – Demonstrating unconventional EOR commercial success in 2019 is a key to delivering on OXY’s 2022 $9.0Bn operating cash flow target. Expect the company to better define the opportunity set for enhanced recovery opportunities in Permian unconventional on the call." (2/13/2019)

2. According to Zacks Investment Research, "In last 12 months Occidental Petroleum's shares have underperformed its industry. Occidental Petroleum’s businesses operate in a highly competitive environment, which could adversely affect its profitability and growth. Occidental Petroleum, like other oil and natural gas companies, faces the risks of cost overruns and development interruptions due to delays in drilling and other approvals. Occidental’s operations are subject to stringent federal, state, local and foreign laws and regulations related to improving or maintaining environmental quality. However, Occidental Petroleum gains from more oil production in the Permian Resources and concentrating on high-margin production region. The ongoing capital investment will further strengthen the existing operation of the company." (1/11/2019)

Has Occidental Petroleum been receiving favorable news coverage?

Media coverage about OXY stock has been trending somewhat positive on Friday, according to InfoTrie. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Occidental Petroleum earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave press coverage about the oil and gas producer a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the company's share price in the near future.

Which institutional investors are buying Occidental Petroleum stock?

OXY stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Millennium Management LLC, Macquarie Group Ltd., Nordea Investment Management AB, Bank of Nova Scotia, Great West Life Assurance Co. Can, Brandywine Global Investment Management LLC and Dimensional Fund Advisors LP. Company insiders that have bought Occidental Petroleum stock in the last two years include Cedric W Burgher, Vicki A Hollub and William R Klesse. View Insider Buying and Selling for Occidental Petroleum.

How do I buy shares of Occidental Petroleum?

Shares of OXY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Occidental Petroleum's stock price today?

One share of OXY stock can currently be purchased for approximately $66.60.

How big of a company is Occidental Petroleum?

Occidental Petroleum has a market capitalization of $50.28 billion and generates $4.80 billion in revenue each year. The oil and gas producer earns $4.13 billion in net income (profit) each year or $5.01 on an earnings per share basis. Occidental Petroleum employs 11,000 workers across the globe.

MarketBeat Community Rating for Occidental Petroleum (NYSE OXY)

MarketBeat's community ratings are surveys of what our community members think about Occidental Petroleum and other stocks. Vote "Outperform" if you believe OXY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OXY will underperform the S&P 500 over the long term. You may vote once every thirty days.